A global peer-to-peer credit network based on cosigned smart contracts
- ICO start: 17. Oct 2017
- ICO end: 5. Nov 2017
Technology: Ethereum blockchain
Ripio Credit Network ICO Short Review
RCN is a global credit network based on cosigned smart contracts that connects lenders and borrowers located anywhere in the world and on any currency. The smart contracts connect agents with information on the borrower’s identity to agents that analyze the borrower’s credit risk impartially, thus standardizing credit lending through blockchain technology. A cosigner acts as a reinsurer that distributes and reduces the lender’s risk and, at the same time, helps to improve the contract conditions by retaining access to the borrower’s local legal system.